So, if they don't care if you back out of the deal, why would the seller give you anything.

Conventional lending is not really an option as I am a college student and dont have much W-2 income at this time.

There is no seasoning requirement to refinance a conventional loan.

Conventional, down payment assistance.

@Don Konipol The buyers lender was aware of the Seller Finance scenario and didn't care because this was a commercial loan and they were in for around 50% with the seller the other 50% so they had security. 

Right on the bank statement you could see the following:- Federal & state tax refund deposits of $12k- Purchase at a care tire shop, assuming new tires for her car.

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

Just like conventional brokers or lenders.

It has to be just as nerve wrecking as conventional.

But good chance you could stay in the conventional lane because you can use sched E income after one year.